A and B are partners in a firm sharing profits and losses as 5 : 3. The position of the firm as at 31st March, 2022 was as follows:
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Rohit and Bal sharing profits in the ratio of 5 : 3 has the following Balance Sheet as at March 31, 2022:
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A and B are partners in a firm. Their Balance Sheet as at 31st March, 2022 was as follows: Capital: A ₹ 50,000 B ₹ 60,000
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The Balance Sheet of A and B as at 31st March, 2022 is given below: A’s Capital ₹ 60,000 B’s Capital ₹ 30,000
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A and B are partners sharing profits and losses in the ratio of 3 : 2. On April 1, 2022, their Balance Sheet was as follows:
Solution:- Working Notes:-
A and B were partners with fixed capitals of ₹ 3,70,000 each. They admitted C as a new partner for 1/4th share of profits. C brought ₹ 3,00,000 as his capital and the necessary amount of goodwill premium for his share of goodwill
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A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 2. Their respective fixed capitals were A ₹ 7,00,000; B ₹ 4,50,000 and C ₹ 6,00,000
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David and Bimal are partners sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2023, was as follows:
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Leena and Rohit are partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2018, their Balance Sheet was as follows:
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On 31st March, 2019 the Balance Sheet of Madan and Mohan who share profits and losses in the ratio of 3 : 2 was as follows:
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